The National Bank Of Indianapolis Mortgage Rates, Fees & Info

Indianapolis, IN

LEI: 549300FTS7TVGFDGUH88

Tax ID: 35-1904483

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    The National Bank Of Indianapolis is a smaller bank specializing in Home Purchase loans. The National Bank Of Indianapolis has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Naples, Plymouth, Key West, and Cape Coral among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The National Bank Of Indianapolis has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The National Bank Of Indianapolis is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.57% 12/4/24
    30 Year Conventional Refi 6.59% 12/4/24
    15 Year Conventional Purchase 6.13% 12/4/24
    15 Year Conventional Refi 6.33% 12/4/24
    15 Year Cash-out Refi 6.33% 12/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The National Bank Of Indianapolis Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The National Bank Of Indianapolis. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    345

    Origination Dollar Volume (All Markets)

    $119,685,000

    Employee count

    323

    Awards

    The National Bank of Indianapolis 30 Year Conventional Loans silver The National Bank of Indianapolis 30 Year Conventional Loans bronze
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 330 $113,420,000 $343,697 $2,478 4.48%
    Outside of Metro Areas 2 $1,290,000 $645,000 $2,625 4.51%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,250,000 $312,500 $4,949 4.22%
    Plymouth, IN (FHA|USDA|VA) 1 $785,000 $785,000 $2,537 3.63%
    Key West, FL (FHA|USDA|VA) 1 $785,000 $785,000 $3,598 4.13%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $495,000 $495,000 $6,379 4.13%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $475,000 $475,000 $3,561 4.25%
    COLUMBUS, IN (FHA|USDA|VA) 1 $355,000 $355,000 $1,916 3.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 4.33%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,269 4.75%
    MUNCIE, IN (FHA|USDA|VA) 1 $165,000 $165,000 $1,706 4.63%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $55,000 $55,000 $2,225 4.38%
    The National Bank Of Indianapolis's top markets include Indianapolis, Naples, Plymouth, Key West, and Cape Coral among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The National Bank of Indianapolis based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Greenfield Banking Company
    Similarity Rank: 255
    Hendricks County Bank and Trust Company
    Similarity Rank: 393
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 450
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    The Farmers Bank, Frankfort, Indiana
    Similarity Rank: 814
    The National Bank of Indianapolis
    Similarity Rank: 1020
    Stock Yards Bank & Trust Company
    Similarity Rank: 1176
    INDIANA MEMBERS CREDIT UNION
    Similarity Rank: 1278
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1482
    FORUM Credit Union
    Similarity Rank: 1520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 345 $119,685,000 $346,913 $2,527 4.47%

    For 2018, The National Bank Of Indianapolis's most frequently originated type of loan was Conventional, with 345 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 257 $86,195,000 $335,389 $2,597 4.52%
    Refi 42 $15,230,000 $362,619 $2,447 4.26%
    Cash Out Refi 35 $15,965,000 $456,143 $2,269 4.28%
    Other 9 $1,785,000 $198,333 $2,084 4.74%
    Home Improvement 2 $510,000 $255,000 $1,605 4.98%

    For 2018, The National Bank Of Indianapolis's most frequently cited loan purpose was Home Purchase, with 257 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 285 $97,705,000 $342,825 $2,494 4.57%
    15 Year 37 $14,675,000 $396,622 $3,052 3.90%
    10 Year 10 $2,810,000 $281,000 $1,822 3.65%
    20 Year 10 $3,960,000 $396,000 $2,160 4.28%
    5 Year 3 $535,000 $178,333 $0 5.15%

    For 2018, The National Bank Of Indianapolis's most frequently cited loan duration was 30 Year, with 285 originations. The 2nd most popular length was 15 Year, with 37 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 311 $105,025,000 $337,701
    $1k-2k 11 $3,345,000 $304,091
    $5k+ 11 $8,375,000 $761,364
    $4k-5k 4 $1,720,000 $430,000
    $3k-4k 3 $435,000 $145,000
    $2k-3k 2 $250,000 $125,000

    The National Bank Of Indianapolis's average total fees were $2,494, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 311 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 254 $87,480,000 $344,409
    3-4% 58 $23,870,000 $411,552
    5-6% 33 $8,335,000 $252,576

    During 2018, The National Bank Of Indianapolis's average interest rate for loans was 4.57%, while their most frequently originated rate bucket for loans was 4-5%, with 254 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 103 $14,905,000 $144,709 $1,979 4.65%
    $200k-400k 88 $25,780,000 $292,955 $1,996 4.43%
    $400k-600k 66 $31,120,000 $471,515 $2,759 4.27%
    $600k-1MM 44 $32,760,000 $744,545 $4,624 4.24%
    $100,000 or less 35 $2,545,000 $72,714 $1,794 4.70%
    $1MM+ 9 $12,575,000 $1,397,222 $4,906 4.58%

    2018 saw The National Bank Of Indianapolis place emphasis on $100k-200k loans with 103 originations, totaling $14,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 105 $65,615,000 $624,905 $3,495 4.21%
    $50k or less 74 $8,950,000 $120,946 $1,955 4.67%
    $150k-250k 68 $24,120,000 $354,706 $2,509 4.43%
    $50k-75k 36 $5,800,000 $161,111 $1,927 4.69%
    $100k-150k 35 $9,405,000 $268,714 $1,993 4.55%
    $75k-100k 18 $3,850,000 $213,889 $1,899 4.62%

    The National Bank Of Indianapolis lent most frequently to those with incomes in the $250k+ range, with 105 originations. The second most popular income band? $50k or less, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 87 $30,875,000 $354,885 $2,551 4.39%
    30-36% 60 $20,480,000 $341,333 $2,652 4.50%
    <20% 56 $24,560,000 $438,571 $2,774 4.28%
    39% 22 $9,570,000 $435,000 $3,504 4.63%
    40% 20 $6,890,000 $344,500 $2,196 4.50%
    42% 16 $6,050,000 $378,125 $2,303 4.35%
    37% 13 $3,435,000 $264,231 $1,975 4.66%
    36% 13 $3,005,000 $231,154 $2,095 4.77%
    41% 12 $4,600,000 $383,333 $2,071 4.56%
    38% 12 $3,330,000 $277,500 $2,575 4.55%
    44% 8 $2,100,000 $262,500 $2,102 4.58%
    45% 6 $1,220,000 $203,333 $2,390 4.48%
    43% 5 $1,065,000 $213,000 $1,882 4.73%
    49% 5 $825,000 $165,000 $1,988 4.35%
    46% 4 $850,000 $212,500 $1,876 4.84%
    48% 2 $370,000 $185,000 $1,825 4.38%
    47% 1 $95,000 $95,000 $1,467 4.38%
    50-60% 1 $185,000 $185,000 $1,760 4.73%

    The National Bank Of Indianapolis lent most frequently to those with DTI ratios of 20-30%, with 87 originations. The next most common DTI ratio? 30-36%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 286 $106,690,000 $373,042 $2,598 4.43%
    Black 16 $4,970,000 $310,625 $2,123 4.94%
    Asian 31 $4,725,000 $152,419 $2,253 4.56%
    Not provided 7 $1,905,000 $272,143 $1,843 4.43%
    American Indian 2 $860,000 $430,000 $2,311 4.44%
    Not applicable 3 $535,000 $178,333 $0 5.15%

    Approval Rates

    Total approvals of all applications
    98.28%

    The National Bank Of Indianapolis has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    84.93%

    The National Bank Of Indianapolis has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 345 $119,685,000 $346,913

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 345 $119,685,000 $346,913

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $6,690,000 $278,750 $2,953 4.16%
    40-60% 41 $12,135,000 $295,976 $2,725 4.26%
    60-80% 114 $54,220,000 $475,614 $2,963 4.36%
    80-100% 164 $46,170,000 $281,524 $2,136 4.65%
    Under 20% 2 $470,000 $235,000 $1,958 4.06%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The National Bank of Indianapolis 10590 North Michigan Road Carmel, IN 46032 Full Service B&M $69,639
    The National Bank of Indianapolis 107 North Pennsylvania Street Indianapolis, IN 46204 Full Service B&M $973,603
    The National Bank of Indianapolis 1689 West Smith Valley Road Greenwood, IN 46142 Full Service B&M $58,792
    The National Bank of Indianapolis 2410 Harleston Street Carmel, IN 46032 Full Service B&M $24,828
    The National Bank of Indianapolis 2714 East 146th Street Carmel, IN 46033 Full Service B&M $48,134
    The National Bank of Indianapolis 320 North Meridian Street Indianapolis, IN 46204 Full Service Retail $40,332
    The National Bank of Indianapolis 4930 N. Pennsylvania Street Indianapolis, IN 46205 Full Service Retail $88,316
    The National Bank of Indianapolis 5760 East Main Street Carmel, IN 46033 Full Service B&M $8,667
    The National Bank of Indianapolis 613 East Carmel Drive Carmel, IN 46032 Full Service B&M $60,979
    The National Bank of Indianapolis 6807 East 82nd Street Indianapolis, IN 46250 Full Service B&M $76,325
    The National Bank of Indianapolis 8451 Ditch Road Indianapolis, IN 46260 Full Service B&M $118,149
    The National Bank of Indianapolis East 116th Street & Olio Rd Fishers, IN 46037 Full Service B&M $26,495
    The National Bank of Indianapolis One American Square Suite 100 Indianapolis, IN 46282 Full Service Retail $114,689

    For 2018, The National Bank Of Indianapolis had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $78,151
    Net interest income $69,161
    Total noninterest income $19,927
    Gross Fiduciary activities income $11,208
    Service charges on deposit accounts $2,591
    Trading account gains and fees $0
    Additional Noninterest Income $6,128
    Pre-tax net operating income $28,771
    Securities gains (or losses, -) $-40
    Income before extraordinary items $22,591
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $22,591
    Minority interest net income $0
    Net income $22,591
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $22,622

    The National Bank Of Indianapolis's gross interest income from loans was $78,151,000.
    The National Bank Of Indianapolis's net interest income from loans was $69,161,000.
    The National Bank Of Indianapolis's fee based income from loans was $2,591,000.
    The National Bank Of Indianapolis's net income from loans was $22,591,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,990
    Provision for credit losses $68
    Total noninterest expense $60,249
    Salaries and employee benefits $40,728
    Premises and equipment expense $4,207
    Additional noninterest expense $15,314
    Applicable income taxes $6,140
    Net charge-offs $-974
    Cash dividends $7,971

    The National Bank Of Indianapolis's interest expense for loans was $8,990,000.
    The National Bank Of Indianapolis's payroll and benefits expense were $40,728,000.
    The National Bank Of Indianapolis's property, plant and equipment expenses $4,207,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,828,287
    Deposits held in domestic offices $1,731,563
    Deposits by Individuals, partnerships, and corporations $1,694,191
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $37,372
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $383,742
    Demand deposits $131,817
    Nontransaction accounts $1,347,821
    Money market deposit accounts (MMDAs) $1,186,038
    Other savings deposits (excluding MMDAs) $34,139
    Total time deposits $127,644
    Total time and savings deposits $1,599,746
    Noninterest-bearing deposits $445,142
    Interest-bearing deposits $1,286,421
    Retail deposits $1,691,422
    IRAs and Keogh plan accounts $17,448
    Brokered deposits $0
    Deposits held in foreign offices $96,724

    Assets

    Asset Value (in 000's)
    Total Assets $2,154,490
    Cash & Balances due from depository institutions $263,215
    Interest-bearing balances $227,304
    Total securities $400,923
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,409,227
    Loan and leases loss allowance $16,021
    Trading account assets $0
    Bank premises and fixed assets $31,103
    Other real estate owned $55
    Goodwill and other intangibles $4,307
    All other assets $45,660

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,154,490
    Total Liabilities $1,979,337
    Total deposits $1,828,287
    Interest-bearing deposits $1,383,145
    Deposits held in domestic offices $1,731,563
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $133,351
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $17,699

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,409,227
    Loan and leases loss allowance $16,021
    Total loans and leases (domestic) $1,425,248
    All real estate loans $1,008,328
    Real estate loans in domestic offices $1,008,328
    Construction and development loans $120,906
    Residential 1-4 family construction $11,332
    Other construction, all land development and other land $109,574
    Loans secured by nonfarm nonresidential properties $493,165
    Nonfarm nonresidential secured by owner-occupied properties $270,287
    Commercial real estate & other non-farm, non-residential $222,878
    Multifamily residential real estate $5,302
    1-4 family residential loans $387,969
    Farmland loans $986
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $321,879
    To non-U.S. addressees $0
    Loans to individuals $33,260
    Credit card loans $2,331
    Related Plans $25,309
    Consumer Auto Loans $514
    Other loans to individuals $5,106
    All other loans & leases $61,781
    Loans to foreign governments and official institutions $0
    Other loans $61,781
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $1,439
    Restructured Loans & leases $6,823
    Non 1-4 family restructured loans & leases $4,605
    Total loans and leases (foreign) $0

    The National Bank of Indianapolis had $1,409,227,000 of loans outstanding in 2018. $1,008,328,000 of loans were in real estate loans. $120,906,000 of loans were in development loans. $5,302,000 of loans were in multifamily mortgage loans. $387,969,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,331,000 of loans were in credit card loans. $514,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 197 $69,118 $350,853
    Nonfarm, nonresidential loans - <$100k 6 $365 $60,833
    Nonfarm, nonresidential loans - $100-250k 48 $5,884 $122,583
    Nonfarm, nonresidential loans - $250k-1MM 143 $62,869 $439,643
    Commercial & Industrial, US addressed loans - <$1MM 717 $112,903 $157,466
    Commercial & Industrial, US addressed loans - <$100k 259 $8,926 $34,463
    Commercial & Industrial, US addressed loans - $100-250k 201 $20,005 $99,527
    Commercial & Industrial, US addressed loans - $250k-1MM 257 $83,972 $326,739
    Farmland loans - <$1MM 3 $986 $328,667
    Farmland loans - $100-250k 1 $117 $117,000
    Farmland loans - $250k-1MM 2 $869 $434,500